Vertical Aerospace closes up to $850M financing for Valo eVTOL after first two-way transition flight
Vertical Aerospace has executed and closed the remaining components of its previously announced comprehensive financing package totaling up to $850 million, following its 14 April success with the company’s first two-way transition flight for the Valo eVTOL. The package had been under phased execution after an agreement-in-principle.